In a letter to its shareholders, Fairholme called the GSEs “two of the best businesses ever owned by the funds.”

A $2 trillion year for mortgage originators? It might be…

The MSR package has a heavy West Coast concentration, MIAC said.

Wells Fargo – no doubt – is taking it on the chin for its “account fabrication” scandal tied to credit cards and deposits, but so far the damage has yet to seep into its mortgage business in a major way, but reports suggest certain correspondents are balking at doing business with the megabank. Dave Akre, managing director of Five Oaks Investment Corp., said he knows some loan officers working for Wells correspondents who are no longer offering the megabank’s jumbo products “due to recent issues.” Those “issues,” he pointed out in an interview with Inside Mortgage Finance, involve...

In its thirst to expand further into financial services, IBM recently agreed to buy blue-chip advisory firm Promontory Financial Group, but there are two units that “Big Blue” won’t be getting: Promontory MortgagePath LLC and Promontory Interfinancial. According to industry officials, both units will continue to be owned (at least in part) by PFG founder Eugene Ludwig, the former Comptroller of the Currency who started the firm in 2001. Promontory Interfinancial is considered...

Is Caliber once again dancing with PHH?

Through the first six months of 2016, $78.5 billion in bulk rights have changed hands, compared to $253.1 billion in 2015…

One attorney noted that in his opinion state regulators are still learning the rule…

KB Homes CEO Jeff Mezger said Stearns’ lending platform is far more efficient than Nationstar’s…

Roughly 48 percent of the loans were previously modified and then became delinquent again.